{"id":502964,"date":"2021-06-11T06:48:15","date_gmt":"2021-06-11T10:48:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/"},"modified":"2021-06-11T06:48:15","modified_gmt":"2021-06-11T10:48:15","slug":"jmp-group-divests-interest-in-harvest-capital-credit-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/","title":{"rendered":"JMP Group Divests Interest in Harvest Capital Credit Corporation"},"content":{"rendered":"

<\/p>\n

JMP Group Divests Interest in Harvest Capital Credit Corporation<\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nJMP Group LLC (NYSE: JMP<\/a>), an investment banking and alternative asset management firm, announced today that Harvest Capital Credit Corporation, a business development company previously externally managed by JMP Group subsidiary HCAP Advisors, has been acquired by Portman Ridge Finance Corporation. Harvest Capital Credit Corporation had been listed on Nasdaq under the symbol \u201cHCAP.\u201d\n<\/p>\n

\nThe aggregate value of the cash and stock received in exchange for JMP Group\u2019s investment in Harvest Capital Credit Corporation was approximately $9.7 million.\n<\/p>\n

\n\u201cThis transaction represents the continuation of our well-established plan to divest non-strategic asset management businesses in order to simplify our company and deleverage,\u201d said Chairman and Chief Executive Officer Joe Jolson. \u201cWhile we had not been receiving a regular cash dividend from HCAP in recent quarters, we now have the opportunity to redeploy the capital returned to us in a fashion that could be immediately accretive to earnings per share.\u201d\n<\/p>\n

About JMP Group<\/b><\/p>\n

\nJMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities and its venture capital and private capital activities through Harvest Capital Strategies and JMP Asset Management. For more information, visit www.jmpg.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210611005046\/en\/<\/a><\/span><\/p>\n

Investor Relations
\n<\/b>
JMP Group LLC\n<\/p>\n

\nAndrew Palmer
\n
(415) 835-8978
\n
apalmer@jmpg.com<\/a><\/p>\n

Media Relations
\n<\/b>
Dukas Linden Public Relations, Inc.\n<\/p>\n

\nZach Leibowitz
\n
(646) 722-6528
\n
zach@dlpr.com<\/a><\/p>\n

\nMichael Falco
\n
(646) 808-3611
\n
michael@dlpr.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Consulting Banking Professional Services Other Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

JMP Group Divests Interest in Harvest Capital Credit Corporation SAN FRANCISCO–(BUSINESS WIRE)– JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Harvest Capital Credit Corporation, a business development company previously externally managed by JMP Group subsidiary HCAP Advisors, has been acquired by Portman Ridge Finance Corporation. Harvest Capital Credit Corporation had been listed on Nasdaq under the symbol \u201cHCAP.\u201d The aggregate value of the cash and stock received in exchange for JMP Group\u2019s investment in Harvest Capital Credit Corporation was approximately $9.7 million. \u201cThis transaction represents the continuation of our well-established plan to divest non-strategic asset management businesses in order to simplify our company and deleverage,\u201d said Chairman and Chief Executive Officer Joe … <\/p>\n

Continue reading “JMP Group Divests Interest in Harvest Capital Credit Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-502964","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nJMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"JMP Group Divests Interest in Harvest Capital Credit Corporation SAN FRANCISCO–(BUSINESS WIRE)– JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Harvest Capital Credit Corporation, a business development company previously externally managed by JMP Group subsidiary HCAP Advisors, has been acquired by Portman Ridge Finance Corporation. Harvest Capital Credit Corporation had been listed on Nasdaq under the symbol \u201cHCAP.\u201d The aggregate value of the cash and stock received in exchange for JMP Group\u2019s investment in Harvest Capital Credit Corporation was approximately $9.7 million. \u201cThis transaction represents the continuation of our well-established plan to divest non-strategic asset management businesses in order to simplify our company and deleverage,\u201d said Chairman and Chief Executive Officer Joe … Continue reading "JMP Group Divests Interest in Harvest Capital Credit Corporation"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-11T10:48:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"JMP Group Divests Interest in Harvest Capital Credit Corporation\",\"datePublished\":\"2021-06-11T10:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/\"},\"wordCount\":312,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/\",\"name\":\"JMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2021-06-11T10:48:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JMP Group Divests Interest in Harvest Capital Credit Corporation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/","og_locale":"en_US","og_type":"article","og_title":"JMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk","og_description":"JMP Group Divests Interest in Harvest Capital Credit Corporation SAN FRANCISCO–(BUSINESS WIRE)– JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Harvest Capital Credit Corporation, a business development company previously externally managed by JMP Group subsidiary HCAP Advisors, has been acquired by Portman Ridge Finance Corporation. Harvest Capital Credit Corporation had been listed on Nasdaq under the symbol \u201cHCAP.\u201d The aggregate value of the cash and stock received in exchange for JMP Group\u2019s investment in Harvest Capital Credit Corporation was approximately $9.7 million. \u201cThis transaction represents the continuation of our well-established plan to divest non-strategic asset management businesses in order to simplify our company and deleverage,\u201d said Chairman and Chief Executive Officer Joe … Continue reading \"JMP Group Divests Interest in Harvest Capital Credit Corporation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-11T10:48:15+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"JMP Group Divests Interest in Harvest Capital Credit Corporation","datePublished":"2021-06-11T10:48:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/"},"wordCount":312,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/","name":"JMP Group Divests Interest in Harvest Capital Credit Corporation - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en","datePublished":"2021-06-11T10:48:15+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210611005046r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jmp-group-divests-interest-in-harvest-capital-credit-corporation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"JMP Group Divests Interest in Harvest Capital Credit Corporation"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/502964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=502964"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/502964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=502964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=502964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=502964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}